So what: The company said it would be reporting a loss for the fourth quarter but no one expected an outlook of $0.67-$0.72 per share in losses. The company said that steel prices may fall 5% to drive the loss.

To make matters worse, the company is offering $475 million in debt and 25-million shares of stock in new offerings.

Now what: The bad outlook isn't positive but the company will add almost 25% to its shares outstanding with the share offering. Considering both factors, I think this is a stock I would stay far away from. Operating trends are heading in the wrong direction and I don't see any value in a company that's continually losing money.

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